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Media: Exxon and Chevron discussed merger

The CEOs of the US' two largest oil companies spoke about the possibility of carrying out one the largest corporate mergers ever last year, reports The Wall Street Journal.

Photo: NICK OXFORD/REUTERS / X03416

Covid-19 has really been a showstopper for the oil industry, but perhaps the whole thing has also kicked off something that indeed could become something of a spectacle.

Shortly after the pandemic broke out and effectively put a plug in oil and gas demand, Exxon Mobil and Chevron's chief executives, Darren Woods and Mike Wirth, discussed options for merging the two groups, The Wall Street Journal reports based on sources with knowledge of the matter.

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